Economics
Russia cuts fuel oil supplies by rail for further export by 1.2% in January
Russia reduced fuel oil supplies via rail for further export by 1.2% in January from the same month a year ago and by 6.2% from December amid refinery outages.
India resumes buying Russian Sokol oil after 2-month hiatus
India has resumed imports of Russian Sokol oil after a two-month gap with at least two refiners so far taking deliveries of the light sweet crude in February.
Fire at Equinor's Mongstad, Norway oil refinery extinguished
Equinor said in a statement that the fire, in an electrical kiosk at the refinery, had been extinguished and that emergency personnel were sent for routine medical follow-up.
U.S. refinery M&A stalls as buyers shun aging assets, uncertain future
The U.S. oil industry saw nearly $200 B in upstream deals last year, but the refining sector missed out despite plenty of willing sellers as the energy transition away from fossil fuels accelerates and casts doubt over the long-term value of aging U.S. refineries.
Marathon's Detroit refinery workers aim to work out contract without strike, union says
Teamsters, one of America's biggest unions, said it wants to negotiate a new contract with Marathon Petroleum for its members at the Detroit refinery without having to go on a strike.
Heidelberg Materials North America announces latest step in Edmonton CCUS Project
Heidelberg Materials North America announced a significant milestone in its two-stage competitive procurement process as it works to select the capture technology and contractor for providing the CO2 separation solution for its Edmonton, Alberta, Carbon Capture, Utilization, and Storage Project.
Lake Charles Methanol announces plan for new $3.2-B manufacturing plant in Southwest Louisiana
Lake Charles Methanol II, LLC announced plans to invest $3.24 B to construct a new manufacturing plant that will produce low-carbon intensity methanol and other chemicals at the Port of Lake Charles.
Natixis joins United Airlines as corporate partner with investments in expansion of SAF
Natixis Corporate & Investment Banking announced its investment in the United Airlines Ventures Sustainable Flight Fund - the first of its kind venture fund focused on funding startups dedicated to scaleup of SAF production through advancing technology and sustainable feedstock development
Nigeria's new Dangote refinery to export fuel oil, naphtha cargoes
Nigeria's Dangote oil refinery has issued tenders to sell two fuel cargoes for export, the first from the newly commissioned refinery.
U.S. crude stocks rose while gasoline and distillate inventories fell
U.S. crude stocks rose while gasoline and distillate inventories fell in the week ending February 9, 2024 the Energy Information Administration said.
- Studi Tecnologie Progetti S.p.A. signs agreement to upgrade Attock refinery in Pakistan for $600 MM 7/1
- Maire's NEXTCHEM awarded engineering contract for Pacifico Mexinol's $3.3-B, 2.1-MMtpy low-carbon methanol project 7/1
- Axens, IFPEN, and SMS group Launch Carboverseo™: Essential Technology for e-fuels deployment 7/1
- BASF closes purchase of DOMO Chemicals’ shares in Alsachimie JV 7/1
- deugro completes another equipment shipment for INEOS' Project One project in Belgium 7/1
- Shell renews contract with Cyberhawk, enabling a global visualization and data integration platform across its portfolio 7/1
